Reps probes revenue, spending gaps in ICRC, NERC, others - Ripples Nigeria
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Reps probes revenue, spending gaps in ICRC, NERC, others

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The House of Representatives on Tuesday ordered the Infrastructure Concession Regulatory Agency (ICRC) and Nigeria Electricity Regulatory Commission (NERC) to provide details of their budget performances.

The Chairman of the House Committee on Finance, James Faleke, gave the directive when the agencies appeared before the committee in Abuja.

Also expected to appear before the committee was the Nigeria Sugar Development Commission (NSDC).

READ ALSO: Reps pass resolution urging Tinubu to unfreeze social investment accounts

Faleke directed ICRC to provide details of all concessionaires and the fees charged since 2008 after a presentation by the agency’s Director of Infrastructure, Shehu Danmusa.

Danmusa represented the Director-General of ICRC, Dr. Jobson Ewalefoh at the hearing.

The chairman, however, picked holes in the presentation, especially the breakdown of revenue and expenditure.

He stressed the need for the agency to present a comprehensive detail as required by standard accounting and financial practices.

 

 

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